The International Public Sector Accounting Standards Board (IPSASB) has issued its first ‘Recommended Practice Guideline’ (RPG), providing non-mandatory guidance on reporting on the long-term sustainability of a public sector entity’s finances, including the nature and extent of financial
risks that the entity faces. The guidance recognises that long-term fiscal sustainability information is broader in scope than information in financial statements, and focuses on the three dimensions of service, revenue and debt.